502
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Other / CPU/GPU Bitcoin mining hardware / Re: Dual Xeons?
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on: August 18, 2013, 02:48:55 PM
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Dual xeon will be in EATX size, which requires EATX supported case to follow up.
The being, good
I have checked some serious. If in Scrypt mining, it is pretty Good if proper configured in Linux as xeon works best in Linux or BSd
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503
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Economy / Economics / Re: The very sad truth about Bitcoin : It might die to gambling
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on: August 17, 2013, 01:59:54 PM
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... Let me try again: 1 - Bitcoins have a limited supply 2 - Gambling sites are globally earning more bitcoins than they have to spend to keep their business on 3 - Gambling sites will end up owning a lot of bitcoins, if we don't prevent this
The same thing is happening with fiat today. Or can you just give me an example of government lottery which has a negative result ?
1. Bitcoins are a limited supply. 2. Gambling sites All successful businesses are globally earning more bitcoins than they have to spend to keep their business on. 3. Gambling sites All successful businesses will end up owning a lot of bitcoins, if we don't prevent this. 4. That's how business works, and it is a good thing. True, people were born, they are greedy to grave. It does not care if it is bitcoin or not. There are many cases to follow up, if you like to play big, do network, then you have high chance to succeed.
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505
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Economy / Economics / Re: Why do people trust fiat money?
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on: August 17, 2013, 01:49:50 PM
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People trust this because of trust, light weight and handier( with security, no need link).
The fiat was based on gold, There are failures in history due to out of control.
Somewhen, the gold standard is gone, so if there are problem, just add more, drain more to form the world we know.
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506
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Economy / Economics / Re: China Central Television (CCTV) give a positive report on bitcoin
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on: August 17, 2013, 01:42:23 PM
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There is no solid reason (except of expectations of some people) why it should be over $100 when we dont have 10x more merchants and goods and banks than we had in January.
Currently BTC is store of value, rather that means of exchange. Gold-2, rather than Visa-2. Therefore the number of goods and merchants doesn't matter much. What does matter is publicity. BTC awareness is going up and the price will follow. I agree. But with the rising price of BTC it also rises different possibilities of substitute coins. Currently there are hundreds of coins because people saw that price of BTC could rise from $10 to $266 within several Months. And many coins were not only copies of BTC but improved cryptocurrencies world. Like proof of stake concept, faster confirmations (if I am correct the fastest is 10 sec.), etc. BTC will stay store of value but for how long and which level of value? Currently, When more people,know, the being will be like some precious metal like silver or scandium (rare earth element) because supply is bounded, can monitor by everyone. I think, the price can raise to USD 120 if the kncminer deploys their stuff successfully.
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507
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Economy / Economics / Re: China Central Television (CCTV) give a positive report on bitcoin
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on: August 17, 2013, 01:38:37 PM
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Something interesting to note here - it seems that the geeks of China are doing this for sure. How do I know? Country Android Linux Mac Unknown Windows Total 1. China 0% 91% 0% 0% 9% 6,260 Linux is 91%, while Windows is only 9%. Though the marketshare of Linux is greater in China than Windows, this is still a pretty significant percentage! And of course, no Macs. Not exactly the most appealing OS in China, anyway. The US, on the other hand: Country Android Linux Mac Unknown Windows Total 2. United States 0% 6% 19% 8% 67% 825 I guess the geeks in the US use Windows? People use Linux as it is not centralized, Can follow up if defects found.
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508
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Bitcoin / Project Development / Re: Most Bitcoin friendly country for founding a company
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on: August 17, 2013, 12:57:07 PM
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You may try Hong Kong. As There is at least one company known as 796.com, Has Applied MSO (FinCEN term is MSB), in Hong Kong, It is approved as 796.com has money, record is clean to follow up. Although these people don't provide exchange service for the time being, they do what should do even they don't provide exchange service. It is possible to follow up as Once The money has AML report, nothing can be blocked as The competition in Hong Kong is greater than others. https://bitcointalk.org/index.php?topic=257685.0, accessed on 17 August 2013 If unsure, You may check Local Government to follow up as some service like Weibo is not anonymous
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509
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Bitcoin / Project Development / Re: LTC and BTC Profitability Calculator
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on: August 17, 2013, 12:32:24 PM
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The Basic Concept of Finding The Received a day should be (Amount of coin inside the Block, For BTC: 25) / Difficulty by (hashrate (Need to note that LTC requires to divide 1000, For example 600MH/s in SHA-256, in Scrypt (1024,1,1), It should be 600Khash/s ) by day (In seconds, 24 by 60 by 60)) /2^32 Source: http://bitcoin.stackexchange.com/questions/493/exactly-how-does-one-calculate-how-many-btc-they-will-get-a-certain-hashrate, accessed on 17 August 2013. The 24 by 60 by 60 mentions a day. Why 2^32? It is because the Basic System is still 32-bit, not 64-bit. The model is still on 32-bit. The 32-bit is the common language while 64-bit mainly dealing with complex mapping. So If you like to provide an experiment, You still have to use 32-bit for more people to join. Why 64-bit cannot be fully applied? The fact is, Your CPU generally, Only 48-bit (My case is Core 2 Duo) provided if you use Linux to check out. Xeon can provide the true size as xeon is designed for accuracy. Under the rule, The difficulty adjustment ,each 14 days, You will need to sum up if You like to predict the month so the difficulty rate adjustment should be added as the answer never be static. After the obtained, the second part is very simple as it is in fiat. Note that the power usage should be done with How many Kwh by (Each unit). The unit, You have to use the worst case to follow up. For Instance, In my place, For home use, The 7-stage chart mainly encourages people to use efficient method to follow up in everything. For Simple, Use the last case, Which should be measured Roughly as 0.25 USD per Kwh (In Hong Kong, source: http://www.hkelectric.com/web/DomesticServices/BillingPaymentAndElectricityTariff/TariffTable/Index_en.htm?NRMODE=Published&NRNODEGUID=%7b707EA601-14C8-403B-94B4-215B0200C01E%7d&NRORIGINALURL=%2fweb%2fDomesticServices%2fBillingPaymentAndElectricityTariff%2fTariffTable%2fIndex_en.htm&NRCACHEHINT=Guest, accessed on 17 August 2013) Additionally, The exchange price , It is very simple as 1 BTC by something (90 USD). You possibly know the next. Note that, the accuracy (more rules) to answer profit in fiat, is the problem, especially in the second part so if you like to design something very professional. I may try to write the second edition of the Profitability Calculator.
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512
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Bitcoin / Mining / Re: Did difficulty go up a couple of days ago?
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on: August 16, 2013, 02:52:03 PM
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My guess would be 90% of all GPU miners switched prior to July 2013. I would be surprised to know of 10% of all GPU miners still mining bitcoin and NOT Litecoin.
So true, mining LTC and exchanging to BTC is more profitable Red ocean versus Blue ocean, Even am i, I still do two thing, the red ocean to let people to do with while I use the provided for scrypt, good deal if exchange stable.
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513
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Bitcoin / Mining / Re: Did difficulty go up a couple of days ago?
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on: August 16, 2013, 02:50:17 PM
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Perhaps overheat on machines. Air cannot do the thing efficient, water can do as when in full load, in stable case, the equipment never reach over than 65 degrees C if proper configured. It does not care what you are using.
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514
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Bitcoin / Pools / P2Pool, new node: noirpool.no-ip.biz
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on: August 15, 2013, 05:00:49 AM
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I used to ask some people if there is an option to run P2pool in order for safety and fulfill the basic design.
Fee: 3%
I now like to announce there is a new node for interested parties, The server location is in Hong Kong, Powered by OpenSUSE 12.3, 4GB, CPU-cooling is powered by Seidon 120v, which is suitable for long run as it is expected to work 20000 hours at least.
P2Pool Speed for Bitcoin: 4Th/s+
Why P2Pool? Not easy to get attacked.
To Take Part in,
For Bitcoin:
noirpool.no-ip.biz: 9332
Username is default as your bitcoin payment address Password is anything
Litecoin? noirpool.no-ip.biz:9327
The username is your litecoin payment address Password? well, anything, You may just put an x into.
Software can be used? cgminer, cudaminer for litecoin, pooler-cpuminer
Negative, The pool is down due to name changes and equipment upgrading issues.
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515
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Bitcoin / Hardware / Re: KNC just posted pics of their case, PCB samples coming next week \o/
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on: August 14, 2013, 05:20:03 PM
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Four trimmed Beings like 4 gPU on board, close to the CAD design and even better, good job. Some people may ask if the actual design can handle the heat as the being, 1000W, the 8-pin and the 6-pin can answer the most as ORSoc may take part in some serious designs like GPU.
The actual picture is not enough, where is the board?
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518
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Bitcoin / Group buys / [Group Buy] 400Gh/s Kncminer (80 shares)
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on: August 12, 2013, 03:09:55 AM
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Total planned Price including neccessary: 118 BTC Contain? 12 month hosting package, 400Ghash/s Payment? weekly basis How? Some received (25% of the mined before send) will be invested for next. Total share amount: 80
Share: 1.475 BTC (BTC) per share
To Take part: Send your bitcoin to 1GoriiT9gqSUt39Mmxkco5ZQ7z27yzsGCT Once I have collected 80, then the fun begins.
Closing Date:From now, 60 days.
If cannot fulfill, Then switch to Saturn one with 6 month package, some people will get refund.
The worst case is refund to people all.
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